Valmont Industries, Inc. $VMI Position Lessened by Copeland Capital Management LLC

Copeland Capital Management LLC reduced its stake in shares of Valmont Industries, Inc. (NYSE:VMI) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,154 shares of the industrial products company’s stock after selling 9,779 shares during the quarter. Valmont Industries makes up 1.8% of Copeland Capital Management LLC’s holdings, making the stock its 3rd largest position. Copeland Capital Management LLC owned 1.13% of Valmont Industries worth $86,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in VMI. Zurich Insurance Group Ltd FI purchased a new position in shares of Valmont Industries in the first quarter worth $1,227,000. Mariner Investment Group LLC acquired a new position in shares of Valmont Industries in the 2nd quarter valued at $653,000. Ensign Peak Advisors Inc raised its stake in Valmont Industries by 32.1% in the 2nd quarter. Ensign Peak Advisors Inc now owns 11,001 shares of the industrial products company’s stock worth $3,593,000 after acquiring an additional 2,673 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in Valmont Industries during the 2nd quarter worth about $510,000. Finally, Inspire Investing LLC grew its stake in Valmont Industries by 170.6% during the 1st quarter. Inspire Investing LLC now owns 3,610 shares of the industrial products company’s stock valued at $1,030,000 after purchasing an additional 2,276 shares during the last quarter. Hedge funds and other institutional investors own 87.84% of the company’s stock.

Valmont Industries Stock Down 0.7%

VMI stock opened at $409.19 on Tuesday. Valmont Industries, Inc. has a one year low of $250.07 and a one year high of $432.68. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 2.26. The firm’s fifty day moving average is $409.22 and its 200 day moving average is $379.94. The firm has a market cap of $8.06 billion, a PE ratio of 35.24 and a beta of 1.20.

Valmont Industries (NYSE:VMI) last issued its quarterly earnings data on Tuesday, October 21st. The industrial products company reported $4.98 earnings per share for the quarter, topping analysts’ consensus estimates of $4.64 by $0.34. Valmont Industries had a net margin of 6.33% and a return on equity of 22.92%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm posted $4.11 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. Valmont Industries has set its FY 2025 guidance at 18.700-19.50 EPS. On average, research analysts forecast that Valmont Industries, Inc. will post 18.07 EPS for the current year.

Valmont Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Friday, December 26th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Friday, December 26th. Valmont Industries’s dividend payout ratio (DPR) is presently 23.43%.

Analyst Upgrades and Downgrades

VMI has been the subject of several research analyst reports. DA Davidson raised their price objective on Valmont Industries from $400.00 to $415.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Wall Street Zen raised shares of Valmont Industries from a “hold” rating to a “buy” rating in a research report on Sunday, October 19th. JPMorgan Chase & Co. began coverage on shares of Valmont Industries in a research note on Friday, September 26th. They set an “overweight” rating and a $480.00 price objective for the company. Stifel Nicolaus increased their price objective on shares of Valmont Industries from $475.00 to $491.00 and gave the stock a “buy” rating in a research note on Tuesday, December 16th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Valmont Industries in a research report on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $462.00.

Insider Activity at Valmont Industries

In other news, insider James Christopher Colwell sold 375 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $410.68, for a total transaction of $154,005.00. Following the completion of the transaction, the insider directly owned 7,286 shares of the company’s stock, valued at $2,992,214.48. This represents a 4.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.50% of the stock is owned by company insiders.

Valmont Industries Profile

Valmont Industries, Inc (NYSE: VMI) is a diversified industrial manufacturer specializing in infrastructure and agricultural products. Headquartered in Omaha, Nebraska, the company engages in the design, production and distribution of engineered products that support water management, power transmission, lighting and traffic infrastructure. Valmont’s solutions range from center-pivot and lateral-move irrigation systems to utility poles, transmission towers, lighting structures and highway traffic signal support structures.

The company operates through several core business segments.